Rather than paying fees to an insurer, your company is self-insured. That is, you set aside corporate funds to pay for medical bills. If claims are light, the company saves money.

Employees pay a monthly fee for part of the amount of their health insurance.

However, with one month to go in the fiscal year, you have more than enough set aside to cover possible costs.

You're going to pass along some of the savings to employees (who, by staying healthy, have kept medical costs down). Next month will be a "premium holiday."

You will not deduct the monthly premium from employees' checks. As a result, they will have a slightly higher take-home pay next month.

The holiday is just for one month; after it, the premium for health insurance will again be deducted each month.